Shop Apotheke Europe N.V. announced that Stefan Feltens to strengthen management team with immediate effect and will succeed Michael Köhler, who will resign as chair of the managing board for personal reasons as of December 31, 2018. The supervisory board has affirmed the resolution of the managing board to appoint Stefan Feltens as Manager of Purchasing and Human Resources with immediate effect and as CEO as of 1 January 2019. In this position, he will succeed Michael Köhler, who after 17 years with the company will resign as CEO effective 31 December 2018.

Michael will continue to actively support Shop Apotheke Europe N.V. as consultant for international expansion and M&A. Stefan Feltens has many years of international experience in the pharmaceutical industry and until recently worked as Chief Financial Officer for Teva Global Operations.